Key Developments For SeaChange International Inc
SeaChange International Inc (SEAC.O) (Consolidated Issue listed on NASDAQ Global Market)
SeaChange International, Inc. And RGB Networks Partnership Delivers More HDTV And Turnkey Local Advertising At Horry Telephone Cooperative
RGB Networks and SeaChange International, Inc. announced that Horry Telephone Cooperative (HTC) has deployed RGB and SeaChange products to deliver more high definition (HD) programming to its cable television subscribers and to generate new advertising revenues by inserting ads from local advertisers into its programming. HTC is the first operator to deploy the SeaChange and RGB Networks turnkey digital advertising insertion solution under the two companies' new reseller agreement. To offer its subscribers more HD, HTC is using RGB's multi-function Broadcast Network Processor (BNP) to deliver three HD programs in each of the 6MHz channels it has allocated to its HD service, rather than the usual two HD programs. The BNP's advanced transrating and statistical multiplexing capabilities allow up to 50% more HD programs to be carried without increasing bandwidth or impacting picture quality. In combination with its seamless ad insertion capabilities, the BNP provides HTC with a complete digital video processing platform.
CCSA And SeaChange International, Inc. Renew VOD And Advertising Bulk Purchase Master Agreement
SeaChange International, Inc. and CCSA announced a renewal of the Bulk Purchase Master Agreement for video-on-demand solutions including on-demand and linear advertising systems.
SeaChange International, Inc. Comments On H2 2009 Guidance
SeaChange International, Inc. announced that for second half of 2009, it expects revenue to be approximately 10% higher than the first half of this year and expects to be profitable, subject to the impact of the accounting for the allocation of the purchase price related to the purchase of eventIS.
SeaChange International, Inc. Announces Acquisition of eventIS Group B.V.
SeaChange International, Inc. announced its acquisition of all of the issued share capital of eventIS Group B.V. eventIS is a privately owned Eindhoven, Netherlands based company that provides VOD and linear broadcast software and related services to cable television and telecommunication companies primarily in Europe. Under the terms of the definitive agreement, SeaChange paid 25.5 million ($36.6 million) upon the closing of the transaction. In addition, SeaChange is obligated to pay 1.2 million ($1.7 million) in cash to the former eventIS shareholders on each of the first three anniversary dates following the acquisition. SeaChange is also obligated on each of the aforementioned anniversary dates to issue shares of restricted stock of SeaChange equating to 800,000 ($1.1 million) annually to the former eventIS shareholders. The purchase price will also include an additional performance based component principally related to the achievement of certain annual revenue targets for eventIS and SeaChange products and services. The revenue performance metrics will cover the three year period ending January 31, 2013, with payment upon achievement of these metrics occurring annually.
RGB Networks Signs Reseller Agreement With SeaChange International, Inc.
RGB Networks announced that it has signed a reseller agreement with SeaChange International, Inc. The agreement allows SeaChange to resell RGB's digital ad insertion products, including its Broadcast Network Processor and Modular Video Processor. Together with its SeaChange Spot automated advertising system, SeaChange will be able to provide turnkey ad insertion solutions supporting MPEG-2 and MPEG-4/H.264.
